Lisanti Capital Growth LLC acquired a new stake in shares of Paysign, Inc. (NASDAQ:PAYS – Free Report) in the third quarter, HoldingsChannel reports. The fund acquired 62,205 shares of the company’s stock, valued at approximately $839,000.
A number of other institutional investors also recently made changes to their positions in PAYS. Alps Advisors Inc. purchased a new position in shares of Paysign during the 3rd quarter valued at approximately $610,000. Calamos Advisors LLC acquired a new stake in shares of Paysign during the third quarter worth approximately $176,000. XML Financial LLC acquired a new stake in shares of Paysign during the third quarter worth approximately $223,000. D.A. Davidson & CO. increased its stake in shares of Paysign by 38.4% in the third quarter. D.A. Davidson & CO. now owns 18,323 shares of the company’s stock worth $247,000 after buying an additional 5,082 shares during the last quarter. Finally, Verdence Capital Advisors LLC increased its stake in shares of Paysign by 28.8% in the third quarter. Verdence Capital Advisors LLC now owns 73,114 shares of the company’s stock worth $986,000 after buying an additional 16,336 shares during the last quarter. 25.89% of the stock is owned by institutional investors and hedge funds.
Insider Buying and Selling
In other Paysign news, insider Michael C. Ngo sold 79,925 shares of the business’s stock in a transaction on Wednesday, September 9th. The shares were sold at an average price of $12.74, for a total transaction of $1,018,244.50. Following the completion of the sale, the insider owned 2,350,000 shares in the company, valued at $29,939,000. The trade was a 3.29% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this link. Also, EVP Joan M. Herman sold 38,900 shares of the business’s stock in a transaction on Wednesday, September 16th. The shares were sold at an average price of $11.74, for a total transaction of $456,686.00. Following the sale, the executive vice president owned 609,421 shares of the company’s stock, valued at approximately $7,154,602.54. The trade was a 6.00% decrease in their position. The disclosure for this sale is available in the SEC filing. The transaction was executed under a pre-arranged Rule 10b5-1 trading plan. Insiders have sold 259,904 shares of company stock worth $3,402,424 over the last ninety days. 24.50% of the stock is owned by insiders.
More Paysign News
Investors following PAYS have been watching these news items:
- Positive Sentiment: Ladenburg Thalmann raised its price target to $15.25 from $14.00 and reiterated a Buy rating. Ladenburg Thalmann ratings
- Neutral Sentiment: Trading in Paysign call options surged to 2,581 contracts, about 712% above the average. This may indicate increased bullish positioning, though options activity alone does not establish the outlook for the shares.
- Negative Sentiment: The company’s 2026 adjusted EPS guidance of $0.37–$0.38 is below the $0.51 analyst consensus. Revenue guidance of $114 million–$117 million is broadly around consensus, but a customer’s pullback raised concerns about future revenue. These outlook concerns appear to be the main source of pressure on the stock. Paysign Falls as Customer’s Pullback Weighs on Future Revenue
Paysign Stock Down 6.5%
NASDAQ:PAYS opened at $9.48 on Thursday. The company has a market cap of $535.24 million, a PE ratio of 30.73 and a beta of 0.92. The business’s 50 day moving average is $13.76 and its two-hundred day moving average is $8.66. Paysign, Inc. has a 52 week low of $3.08 and a 52 week high of $16.15.
Paysign (NASDAQ:PAYS – Get Free Report) last issued its quarterly earnings results on Monday, November 9th. The company reported $0.11 earnings per share for the quarter, beating analysts’ consensus estimates of $0.09 by $0.02. Paysign had a return on equity of 37.20% and a net margin of 18.48%. The business had revenue of $30.80 million during the quarter, compared to the consensus estimate of $29.02 million. As a group, sell-side analysts expect that Paysign, Inc. will post 0.38 EPS for the current fiscal year.
Analyst Upgrades and Downgrades
Several research firms recently issued reports on PAYS. Barrington Research set a $15.00 price target on shares of Paysign in a report on Tuesday, August 11th. Maxim Group lowered shares of Paysign from a “buy” rating to a “hold” rating in a report on Wednesday. Lake Street Capital raised their price objective on shares of Paysign from $13.00 to $15.00 and gave the stock a “buy” rating in a report on Tuesday, September 15th. DA Davidson dropped their target price on shares of Paysign from $15.00 to $14.00 and set a “buy” rating for the company in a research report on Wednesday. Finally, Weiss Ratings upgraded shares of Paysign from a “buy (b-)” rating to a “buy (b)” rating in a research note on Thursday, October 8th. Four equities research analysts have rated the stock with a Buy rating and one has issued a Hold rating to the stock. Based on data from MarketBeat.com, the company presently has a consensus rating of “Moderate Buy” and an average target price of $14.81.
Get Our Latest Analysis on Paysign
About Paysign
Paysign, Inc. provides prepaid card programs, payment processing and related financial technology services. Its platform supports organizations that need to distribute funds and manage payments, including businesses in the healthcare sector. The company serves plasma collection centers with donor compensation and payment solutions, and works with pharmaceutical companies on patient assistance and affordability programs. Its services also support payments for clinical trials and other disbursement needs.
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Want to see what other hedge funds are holding PAYS? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Paysign, Inc. (NASDAQ:PAYS – Free Report).
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